Price opened and moved lower very quickly raided stops (Green X) and found support at the 89.00 level. Notice how price did not stay at this level and quickly moved higher retraced 3 candles and pusher higher and found resistance at Daily Equilibrium 90.15 level.
The reasons i have changed bias from short to long only on the short term. A move of 121 pips higher , i see as a big money stepping in. Any retracement back into 89.50 level i will be hunting for buy. That in mind, hunt for shorts on EUR, GBP, AUD and Yen when it hits the 89.50 level.
The reasons i have changed bias from short to long only on the short term. A move of 121 pips higher , i see as a big money stepping in. Any retracement back into 89.50 level i will be hunting for buy. That in mind, hunt for shorts on EUR, GBP, AUD and Yen when it hits the 89.50 level.
If price goes lower and breaks below the 89.25 level then i am wrong and will wait until it is clear to me.